Thanks Skaap...my last reply was specific to the previous post. As I said in my first post - this is not a trading discussion, and I dont want it to "degenerate" into one. My focus is investment in the medium and long term.
I understand the investing long side...but you can sit on the sidelines and watch for a bit. For me, the question is: Do I sell my investment financials, or do I sit and wait it out, and what, if any impact will a junk downgrade have. No one knows the answer to this - but in discussion - I am able to filter our what other people are doing. As mentioned, this is not my job or life...so I value other peoples input. Having said that I know my own plan and generally stick to it.
I was thinking of an analogy last night: If you met Hitler when he was a ten year old, and had been told by a battery of psyches, that Mr 10year Old Hitler had psychopathic tendencies, and there was a strong chance he would turn into a mass murderer...you were then given a gun. What would you do? Many think a junk downgrade is coming, but no one knows exactly how this is all going to pan out.
I am happy to be a spectator for a but I think.